ALYI Electric Vehicle Ecosystem Expands Reach With Cryptocurrency

Rhea-AI Summary

Alternet Systems, Inc. (OTC Pink: ALYI) is expanding its electric vehicle ecosystem with new support from its partnership with Revolt Token (RVLT). This collaboration will provide financing for ALYI’s growth and its electric vehicle partners. The focus will be on the East African market, where the potential for EV adoption exists. ALYI aims to meet a revenue target of $2 million for 2021 and a base target of $10 million for 2022. Further revenue targets, including a $50 million stretch goal for 2022, will be presented on December 2, 2021.

Positive

• Partnership with Revolt Token to support growth and financing of ALYI's EV ecosystem.
• Focus on East African market for electric vehicle adoption providing first-mover advantage.
• Targeting $2 million in revenue for 2021 and $10 million for 2022, indicating growth potential.

Negative

• None.

Dallas, Texas, Nov. 30, 2021 (GLOBE NEWSWIRE) -- Alternet Systems, Inc. (OTC Pink: ALYI) (“ALYI”) today announced the company is now expanding its electric vehicle ecosystem with the participation of its Revolt Token (RVLT) partnership. In addition to backing ALYI, RVLT will now also back ALYI electric vehicle ecosystem partners.

ALYI is building an Electric Vehicle (EV) Ecosystem that addresses the entire EV adoption environment from the perpetual design of best in class vehicles to the perpetual design of the myriad of mechanical and digital systems that go into a best in class vehicle; from the charging and maintenance infrastructure that goes into supporting consumer and commercial vehicles, to the EV value proposition itself that drives consumers and businesses to transition from combustion engines to electric powered vehicles.

ALYI has designed its EV Ecosystem solution to include democratized participation. ALYI has partnered with Revolt Token to finance ALYI’s growth by offering participation in the EV ecosystem through the sale of Revolt Tokens. Now Revolt Token will also back ALYI EV Ecosystem partners.

To learn more about Revolt Token and how to participate in ALYI’s electric vehicle ecosystem through the purchase of Revolt Tokens, visit  https://rvlttoken.com/.

ALYI’s EV Ecosystem strategy is concentrating efforts first on developing solutions for the East African market where per capita transportation is low and EV solutions have the potential to be a first to market transportation solution rather than a replacement of an existing solution.  EV solutions rugged enough to endure the East African environment are also likely be viable solutions everywhere else in the world.

ALYI recently announced its electric motorcycle production to support fulfillment of electric motorcycles for the motorcycle taxi market in East Africa is on track to support the company’s $2 million revenue target for year-end 2021 and to support the company’s confirmed initial $10 million base revenue target for 2022.

A similar version of this electric motorcycle will soon be delivered in the United States to support a university campus EV pilot conducted as part of a suite of student life technology services from Priority Aviation, Inc. (OTC Pink: PJET).

Management plans to present the revenue target plans in more detail later this week, on Thursday, December 2^nd.  The presentation will include an overview of ALYI’s stretch revenue target of $50 million for 2022. The presentation will also include the latest updates from Revolt Token (RVLT).

For more information and to stay up to date on ALYI's overall latest developments, please visit www.alternetsystemsinc.com.

Disclaimer/Safe Harbor: This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company's current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies' contracts, the companies' liquidity position, the companies' ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur.

For more information, please visit: http://www.alternetsystemsinc.com
Alternet Systems, Inc. Contact:
Randell Torno
info@lithiumip.com
+1-800-713-0297

Attachment

• ALYI Electric Vehicle Ecosystem Expands Reach With Cryptocurrency

FAQ

What is the focus of Alternet Systems' new press release regarding ALYI?

The press release highlights the expansion of Alternet Systems' electric vehicle ecosystem through a partnership with Revolt Token, targeting growth in the East African market.

What revenue targets has ALYI set for 2021 and 2022?

ALYI aims to achieve $2 million in revenue by the end of 2021 and has set a base target of $10 million for 2022.

How will Revolt Token support ALYI's electric vehicle ecosystem?

Revolt Token will finance ALYI’s growth and now also back partners within the electric vehicle ecosystem.

When will ALYI provide more details on their revenue targets?

ALYI plans to present detailed revenue targets, including a stretch goal of $50 million for 2022, on December 2, 2021.